Monday, February 28, 2011

A morale boost for MENA real estate developments

The development and creativity of the real estate industry will be showcased for the fifth consecutive year at the Cityscape Awards for Real Estate in Middle East and North Africa.After what has been a challenging year for global markets, the opportunity to boost morale and positivity within the industry could not be more poignant.

Taking place as part of Cityscape Abu Dhabi 2011, these annual awards have quickly grown to become regarded as a testament to a company’s commitment to excellence whilst adding value to its long-term vision.The accolades will be presented at a lavish evening ceremony, and will honour those who have demonstrated a commitment to excellence and the development of projects that have been built and those planned for the future.Nominations are now open to companies in the Middle East and North African region and categories include Best Sustainable Development Award, Residential Project Award (Built & Future) as well as the architectural focused Best Urban Design & Master Planning.

Al Qudra Real Estate (AQRE) was awarded last year’s Best Mixed-Use (Future) Award, for the Al Nasseem project.Chairman Mahmood Ebraheem Al Mahmood commented on the benefits the award brought to the company:“This award has added value to our contribution for the development of Abu Dhabi, in which the government views us as a trusted partner with which they can carry out their sustainable initiatives for the long-term benefit of local communities and the environment.”

Each award is judged on a company’s distinction in a variety of contexts, such as contribution to architecture, culture, invention, imagination, respect for people and the planet, as well as environmental awareness.Assessed by a panel of international industry experts, a shortlist of nominations will be selected and the Award winners will be announced and presented during a lavish Gala Dinner on April 18, 2011 at Emirates Palace.

Winners will join a long list of key players from the industry including, from 2010, Emaar Properties who was awarded the Best Mixed Use (Built) Award, Abu Dhabi Urban Planning Council won Residential (Future), and Aldar Properties who was recognised twice for its distinguished involvement in The Yas Hotel development and the exceptional Ferrari World project.

Chris Speller, group director for Cityscape Abu Dhabi, said: “Following a challenging few years for the industry, the awards provide an opportunity to boost morale and showcase those who have championed excellence and best practise despite difficult conditions.The evening also provides an opportunity to network and meet with peers in a more relaxed environment, building on relationships formed during the day’s formal activities.

“Last year, the industry turned out in full force to honour and reward excellence to it’s neighbours, and we look forward to recognise further distinction in the sector in 2011.”